Invest in Droom

Droom IPO Details

Droom is coming up with an ipo that comprises of a combination of fresh issue about (2000 crores) and an offer for sale (about 1000 crores).

The net proceeds from the fresh issue will be utilized for funding organic & inorganic growth initiatives. Rest will be used for general corporate purposes.

Company Business

Droom is a tech company focused on online automobile buying and selling and is one of top players in India's used car market

The website and mobile apps provide users with convenience and a seamless experience to search, buy, and sell vehicles, covering everything from browsing and pricing to certification, financing, and doorstep delivery.

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IPO Strengths

  • Operates into automotive industry. India is currently the fifth-largest automotive industry and is expected to be the world’s third-largest automotive industry in terms of volume by Fiscal 2026
  • Market leader among automobile e-commerce platform.
  • Diverse range of products and services.
  • Experienced management team
  • Being an online platform the company has light assets and low depreciation value. Moreover the operating costs are also minimum.

IPO Weaknesses

  • Operates in automobile retail industry which is a highly competitive industry in India.
  • Its a online e-commerce business that has a major dependency on the customer experience.
  • There are some legal proceedings over the company, directors and promoters that could adversely affect the company if they go against them.
  • The company is facing subsequent losses over the years.

Droom Revenue & Profit

Revenue
Profit
Loss
All value in ₹ Thousand cr. Hundred cr.

+1.461

+1.814

+1.355

10

8

6

4

2

0

2019
2020
2021

Droom IPO Dates

Open DateTo be announced
Close DateTo be announced
Allotment Date To be announced
Initiation of RefundsTo be announced
Credit of Shares to Demat AccountTo be announced
Listing DateTo be announced

Droom IPO Lot Size

Minimum Lot Size1
Maximum Lot SizeTo be announced

Seize the Opportunity! Apply for Droom IPO

No AMC Charges
Free Demat Account Opening
Low DP Charges
Zero AMC Charges for First Year
Free Research Advisory
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory

Droom IPO Subscription Breakup

QIBsTo be announced
Non Institutional InvestorsTo be announced
Retail InvestorsTo be announced

How to Apply for Droom IPO?

Step 1

First, you need to visit the IPO section on our website.

Step 2

Then, click on the 'IPO Listing' option to view the IPO.

Step 3

Open the Droom IPO by tapping on it.

Step 4

You will see an option to subscribe that you need to click on.

Step 5

Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.

Step 6

Next, verify your details and select the 'Subscribe' option to complete the bidding.

You have completed your bidding for the Droom IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.

Droom IPO FAQs

The Droom IPO is yet to be officially announced. As no notification is available for the Droom IPO yet, investors must watch for any updates.

Since the company has not issued the IPO officially yet, there is no information on the subscription closing date and time. However, investors usually have three to six days to bid for an IPO subscription.

It is possible to check the Droom IPO allotment status on the portal of your broker or registrar. Information regarding the allotment status is also conveyed via email and SMS from issuing and holding authorities, like the BSE, NSE, CDSL, and NSDL.

The company is yet to issue its IPO in the market.

The IPO refunds are usually initiated based on the refund date issued by SEBI. Once the dates are finalized, your respective banks can initiate the refund if the allotment is not obtained. If the banks cannot unlock your funds within the fund initiation date, it is relieved by the mandate end date. If there is any discrepancy regarding this, investors need to reach out to the banks immediately.

The shares are credited to the investor's DEMAT account once allotment is issued successfully. This can only be viewed after the declared period is over.

Yes, it is possible to revise or cancel an IPO application if you do it within the IPO subscription closing date.

The time of applying for any IPO is usually between Monday to Friday each week, which are the normal business days for the market. Still, it is recommended to contact your registrar for any further information.
Droom IPO: Open Date, Price, Lot Size & Subscription Details